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dec 23, 1913 - Federal Reserve

Description:

The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

Added to timeline:

Date:

dec 23, 1913
Now
~ 112 years ago